Loading...
HomeMy WebLinkAboutMemos - Off-Street ParkingTO: Honorable Chairperson and Members of the Off -Street Parking Board FROM: Alejandra Argudin, Chief Executive Officer, Miami Parking Authority SUBJECT: FY 2023 Miami Parking Authority Operating Budget DATE: July 13, 2022 Staff is requesting that the Board give its approval for the FY 2023 Miami Parking Authority Operating Budget and related Board Resolution which are attached hereafter. 40 NW 3rd St, Suite 1103 Miami FL 33128 miamiparking.com T 305.373.6789 F 305.371.9451 TO: Arthur Noriega, City Manager, City of Miami FROM: Alejandra Argudin, Chief Executive Officer, Miami Parking Authority SUBJECT: FY 2023 Miami Parking Authority Operating Budget DATE: July 13, 2022 Enclosed is the budget for the Department of Off -Street Parking for the Fiscal Year 2022-23. This budget was approved by the Off -Street Parking Board at its meeting of July 13, 2022. Please place approval of this budget by the City Commission on the agenda for September 10, 2022. I have also attached the original of a memorandum to the Mayor and City Commissioners requesting their approval of the budget and a draft of the Commission resolution. Enclosure cc: Marta Gomez -Chen Angela Smith 40 NW 3rd St, Suite 1103 Miami FL 33128 miamiparking.com T 305.373.6789 F 305.371.9451 TO: Honorable Mayor and Members of the City of Miami Commission FROM: Alejandra Argudin, Chief Executive Officer, Miami Parking Authority SUBJECT: FY 2023 Miami Parking Authority Operating Budget DATE: July 13, 2022 Enclosed is the budget for the Department of Off -Street Parking for the Fiscal Year 2022-23. This budget was approved by the Off -Street Parking Board at its meeting of July 13, 2022. We respectfully request your approval of this budget at your meeting scheduled for September 10, 2022. Enclosure cc: Marta Gomez -Chen Angela Smith 40 NW 3rd St, Suite 1103 Miami FL 33128 miamiparking.com T 305.373.6789 F 305.371.9451 Honorable Mayor and Members of the City Commission: During Fiscal Year 2021-2022, the Miami Parking Authority (MPA) continued to carry forth its mission as a parking and revenue resource to the City of Miami. MPA has increased its market share while continually improving customer satisfaction and fulfilling its mission to meet the City's parking needs. Accomplishments During the Past Year MPA's accomplishments during fiscal year 2021-2022 included the following: Development and Operations The Regatta Harbour Parking Garage was completed in August 2020. This four -level, mixed -use facility features 388 parking spaces, 104 surface parking spaces, and 33,476 square feet of retail establishments on the ground floor. Ornamental and sustainable features adorn the garage, retaining the character of the surrounding areas while minimizing the facility's carbon footprint. In recognition of its unique and aesthetically pleasing design, the project recently received the Excellence in Architectural Design Award from the International Parking and Mobility Institute. Miami Parking Authority is piloting several programs as we continue researching and implementing modern curbside management technologies. These programs include using artificial intelligence for mapping, sensors for management of loading zones, license plate recognition for occupancy and compliance statistics, a new parking enforcement software program, and migrating decals to electronic permits. In collaboration with Miami -Dade County and other urban mobility organizations, MPA participated in the CoMotion Miami conference. The conference provided an excellent opportunity to showcase the Authority's innovative initiatives, such as piloting curb technology and the potential for engaging with urban aerial mobility options in the future. MPA continues to expand its role beyond operational responsibilities to further participate in the community development process. The success of this initiative relies on broadening awareness of parking as an integral component of a balanced transportation infrastructure network. To this end, MPA has actively facilitated expanded outdoor seating areas for restaurants using parking spaces in the public right of way. In addition, the MPA has and will continue to participate in special planning exercises with the City 40 NW 3rd St, Suite 1103 Miami FL 33128 miamiparking.com T 305.373.6789 F 305.371.9451 of 7 of Miami and community stakeholders to adaptively reuse surface parking lots as public amenities, if necessary. These efforts contribute to neighborhood beautification, economic development, engagement, and our continued participation in civic and governmental boards and committees. In July, MPA relaunched the PayByPhone program in Miami -Dade County parks and marinas by deploying its enforcement officers as community ambassadors to create awareness of the parking payment platform and serve as a resource for the use of the app. MPA proudly continues to successfully manage 7,000 parking spaces for the Public Health Trust of Miami -Dade County and the parking operation for several Miami -Dade County and City of Miami parks. On April 17, the MPA entered into a management agreement with the Miami -Dade College (MDC) Downtown campus. MDC owns several lots and garages within the downtown core. We are now managing lot 92, located on Biscayne Blvd. They will utilize this lot primarily for Miami Heat and FTX concerts and other significant events throughout the year like the Ultra Music Festival and New Year's Eve celebration. MPA also continues its public -information campaign to update citizens about its role in parking management, new initiatives, and the Authority's support and financial contributions to the City. In addition, it has been MPA's mission to ensure that it reaches out to all the communities it serves. Accordingly, MPA collaborates with the English-, Spanish-, and Creole -language media to communicate infouiiation to the public. Furthermore, MPA continues to participate in neighborhood parking advisory committees, together with various City agencies such as Omni CRA, Overtown CRA, Downtown Development Authority, Wynwood BID, and Coconut Grove BID to provide input into MPA's decision -making process. COVID-19 Initiatives As demand for food pickup and delivery services and outdoor dining soared, MPA continued to expand the number of free, on -street parking spaces in high -demand and vital commercial areas to assist local restaurants. This program applied to those establishments that offered pickup and delivery services and outdoor dining. The intent of the outdoor dining spaces in the public right of way was to provide relief to the restaurants that needed additional seating due to the capacity limitations imposed by the restrictions during the pandemic. To date, MPA has set aside 100 parking spaces for restaurants and, as a result, has contributed approximately 3.1M as in -kind parking to the community. Vacation Parking Program In 2021, the MPA launched its inaugural vacation parking program in the downtown central business district. The vacation parking program extends access to equitable short and long-term parking options for citizens and visitors of the City of Miami. The program's objective is to enhance the service the MPA provides the City of Miami's Page 2 of 7 i lai l'a r v constituents by providing additional parking options that meet the community's needs. In addition, the program's goal is to drive vehicular traffic into the central business district to support organic economic growth in local businesses. In collaboration with the Greater Miami Convention and Visitor Bureau, the MPA commenced a digital marketing campaign to kick off the program in early 2021. The marking campaign included images, email marking communications, article pieces designed to reach visitors, and event and conference organizers nationwide. As a result, the vacation parking program has exhibited 10% MoM growth since its inception. Freeflow Parking at loanDepot Park A first for Miami and the nation, loanDepot Park is the only venue in professional sports to adopt a free -flow parking method across all its on -site parking facilities. Implementing Free -flow parking at loanDepot Park earned MPA the International Parking and Mobility Institute's (IPMI) Award of Excellence for Innovation in a Parking Program. The program improved urban mobility by increasing traffic flow, reducing congestion, minimizing carbon footprint, and enhancing fans' experience and functions by allowing attendees to enter the garage without a friction point - stopping for payment collection or scanning a pass. Instead, vehicles drive straight to the garage or lot without stopping and proceed to a parking spot, subject to availability. Micro -mobility In October 2021, MPA launched the Freebee circulator with limited capacity and service area due to the COVID pandemic. To promote the program, MPA created a grassroots campaign called "Everybody Rides Freebee," featuring community leaders from various downtown organizations riding the circulator. To date, Freebee has reported approximately 18,500 trips and driven 39,324 guests. Additionally, to further support the community, MPA offered a 50 percent parking discount to patrons who parked in MPA garages and hopped on the Freebee. In collaboration with MPA, Revel launched the electric shared moped program in the City of Miami. Revel offers residents and visitors another micro -mobility option. The program has completed over 187,000 trips and approximately 750,000 miles. Additionally, we are collaborating with Swiftmile, Inc. and have implemented a program featuring charging stations for electric scooters and eBikes in strategically located facilities owned and operated by MPA. These services are for the public benefit and convenience by providing facilities for orderly parking of shared micro -mobility devices. The program supports MPA's responsibility to enforce parking standards for the shared micro -mobility program. Green Initiative MPA is closely collaborating with the City of Miami on a Greenhouse Gas Reduction Plan and Roadmap to Carbon Neutrality by 2050. Pursuing new funding sources to achieve our common goals includes expanding EV charging infrastructure. Page 3 of 7 1 I k i 11 I) 1 We are proud to continue expanding options for motorists who drive and park electric vehicles (EV). During 2021-2022 we have increased the installation of ChargePoint "Level 2" dual -port charging stations that are compatible with all EVs. The charging stations are installed in seven garages, totaling 20 electric parking spaces. MPA will install an above -ground sensor and real-time wayfinding solution in Midtown with Cleverciti Solutions. This program will reduce traffic congestion in that area by 40- 55% by directing cars to available parking spaces and avoiding cars circling the neighborhood looking for parking. In addition, the MPA entered into a partnership with Enterprise Fleet Management to replace the existing fleet of aging vehicles. In this partnership, Enterprise Fleet Management has committed to replacing the MPA's entire fleet with hybrid or fully electric vehicles by 2025. This initiative supports the MPA's continued effort to reduce greenhouse emissions by transitioning to eco-friendly modes of transportation. Highlights of the 2022-2023 Budget The budget reflects an increase of $6,123,823 in gross revenue. The MPA is creating a series of innovative parking enhancements that will benefit the community and respond to the demands posed by continuous urban growth. Several highlights include a data -driven curb management system and touchless parking technology in all parking facilities. We continue to expand the areas in which we offer PayByPhone services to maximize the touchless experience it provides customers through the Covid-19 pandemic. To address this situation further, MPA has continued the process of eliminating multi -space machines throughout the City. The goal of the MPA is to have at least 96% of the on - street transactions processed through PayByPhone. To broaden the pool of customers to tap into, MPA will continue to pursue the expansion of the PayByPhone program. This action will continue to generate revenue for MPA while providing customers added convenience when paying for parking in the City of Miami. Enhancing our facilities and providing amenities to our community is essential for MPA. The International Parking & Mobility Institute (IPMI) recently approved MPA's re - accreditation of the Accredited Parking Organization (APO) with Distinction. APO establishes a quality benchmark for Parking organizations, and MPA has once again demonstrated a commitment to continuous quality improvement. Committed to enhancing mobility, curb appeal, generating new jobs, and improving the economic development of the City of Miami, MPA has commenced a new development in the heart of downtown Miami. A public -private partnership with lions Group NYC will allow MPA to increase the existing public parking space inventory and maximize public land use. The new development will consist of approximately 700 parking spaces and over 50 floors of mixed -use. The new facility will be ideal for ridesharing integrating Page 4 of 7 M 1 a i Iarki g A ti t rit y present-day technology, electric vehicle (EV) charging stations, and storage for scooters and bicycles. MPA will commit to maintaining a live/work/play experience for all visitors by deploying tools to improve the quality of life and social prosperity. The structure will have a modern design with a high -quality exterior and interior finishes. The garage will provide affordable, safe, and convenient parking options contributing to the needs of Miami. Increasing the parking space count throughout the City of Miami is imperative due to mobility needs. MPA recently expanded the Courthouse Center Garage (G1) in collaboration with ROVR Development. The transfolmative collaboration successfully developed Grand Station, a 30-story tower featuring 300 apartments and 350 public parking spaces. The Courthouse Center is currently home to the MPA offices. The center will benefit workers and visitors to the courthouse complex and the surrounding residents. MPA also recognizes the importance of green space in the City's downtown areas. To that end, MPA collaborates with Property Markets Group (PMG) to bring more public green spaces to the downtown area. The subject properties involved in the initiative are lots 19- 1 and 19-2, including rich landscaping, lighting, benches, and other amenities with active parking lots for public use. During the year ending September 30, 2022, MPA estimates it will contribute approximately $10,000,000 in excess revenues to the City of Miami. Capital Spending Plan Summary for FY 2022-2023 In the aftermath of the COVID pandemic, MPA is carefully weighing opportunities ahead and resetting capital spending as of the writing of this letter. While MPA focuses on a path to recovery, it is also mindful of the current need to meet its obligations and preserve cash flow. As a result, unforeseen resources were deferred to deal with the pandemic to continue serving the public's needs while supporting customers in times of unprecedented need. With the steady growth of the population in the urban areas, MPA must continue to be at the crossroad of technological innovation to support mobility and a sustainable business core. To that end, the MPA will implement new technology to serve our customers better while improving traffic flow in the most congested parts of the City. The technology will consist of above -ground sensors, real-time digital wayfinding signs, on- and off-street license plate recognition cameras, and security cameras throughout the facilities. In essence, we foresee urban mobility as an essential component of economic and social progress and a sustainable living environment for today and future generations. As part of our green initiative, the MPA will replace a portion of its fleet with electric and hybrid vehicles. With this action, the Authority is moving toward supporting a more sustainable city. Page 5 of 7 ri i MPA will continue the effective maintenance routine of its parking structures, thus avoiding costly repairs and restorations that can disrupt customers. In addition, performing routine structural maintenance will help preserve asset value, functionality, and public safety. FINANCIAL HIGHLIGHTS Revenues Total operating revenues are budgeted to be $51,798,737 which is $6,123,823 or 13.41% more than fiscal year 2021-22 budget. Garage revenues are expected to increase by $549,376 or 13.68%. The main factor influencing the next fiscal year's revenue projections is the post -pandemic effects of Covid-19. Many businesses will continue to operate from home or have a hybrid workflow program where employees are only required to go to the office several days a week. Lot revenues are budgeted to increase by $1,775,069 or 23.16%. The main factor for this increase is the continuous entertainment and restaurant/food industry growth. On -street revenues are budgeted to increase by $3,778,394 or 11.92%. We continue to see growth in the on -street parking inventory. The areas with entertainment venues, restaurants, and retail continue to thrive. In this post -pandemic time, our citizens and many domestic tourists enjoy all our City has to offer. Expenses Operating expenses are projected to increase by $2,437,454 or 10.92% to $24,767,248. This increase is mainly attributable to the increase in bank fees, revenue share, salaries, and benefits. Debt Service Interest and principal payments are budgeted at $1,530,804 and $1,785,000, respectively. The total debt service for the fiscal year is estimated at $3,315,804. Net Revenue and Debt Service Coverage The proposed budget for fiscal year 2022-23 will provide approximately $23,131,489 in net revenues available for debt service. The net revenues will result in a debt service coverage of 6.97 before considering capitalized interest. Therefore, after subtracting debt service and expenditures for replacement and renewals, we estimate an excess revenue contribution to the City of Miami of $14,000,000. SUMMARY The results for the current year and the budget for fiscal year 2022-23 reflect the continued growth and expansion of the MPA. As a result, net income for fiscal year 2022-23 after depreciation, amortization, and finance charges are estimated at $21,760,685. Page 6 of 7 Mi iin i I'a k i g lulli0I. y Although we experienced significant revenue constraints due to the Covid-19 pandemic, we will continue to provide the City with a revenue stream for the twentieth consecutive year while steadily addressing and meeting the parking needs of our residents, businesses, commuters, and visitors. The total amount the City will receive from the Miami Parking Authority for the 2022- 2023 fiscal year is estimated at $20,095,717. This figure includes $14,000,000 in excess revenues from operations, $5,000,000 from parking citation revenues, and $1,095,717 from the operation of various City of Miami -owned parking facilities. In closing, I would like to take a moment to highlight the exemplary job done by MPA's staff and Board. Both have demonstrated extreme dedication, responsiveness, and hard work to ensure the continued success of the Miami Parking Authority. Sincerely, Alejandra Argudin Chief Executive Officer Page 7 of 7 Miami Narking Authority TO: Honorable Chairperson and Members of the Off -Street Parking Board FROM: Alejandra Argudin, Chief Executive Officer, Miami Parking Authority SUBJECT: FY 2023 James L. Knight Center Garage Operating Budget DATE: July 13, 2022 Staff is requesting that the Board give its approval for the FY 2023 James L. Knight Center Garage Operating Budget. 40 NW 3rd St, Suite 1103 Miami FL 33128 miamiparking.com T 305.373.6789 F 305.371.9451 KNIGHT CENTER GARAGE Proposed FY 2023 Operating Budget $ Change % Change Requested Requested Requested Requested FY 2021 FY 2022 FY 2023 vs vs vs vs Operating Revenues: Actual Adopted Requested Actual Adopted Actual Adopted Garage Daily Revenues $ 807,666 $ 705,000 $ 900,000 $ 92,334 $ 195,000 11.43 27.66 Garage Daily Non -Taxable - - - - Garage Monthly 1,132,869 1,158,984 1,308,000 175,131 149,016 15.46 12.86 Special Events 45,000 100,000 100,000 55,000 - 122.22 Sales Tax Commission 360 - - (360) (100.00) - Miscellaneous Income - - - Total Operating Revenues 1,940,895 1,908,984 2,308,000 367,105 399,016 18.91 20.90 Operating Expenses: Regular Earnings 178,287 271,096 237,312 59,025 (33,784) 33.11 (12.46) Accrued Vacation and Sick Pay 23,022 17,500 15,308 (7,714) (2,192) (33.51) (12.53) Overtime Earnings 3,723 - - (3,723) (100.00) - Uniform 155 500 300 145 (200) 93.55 (40.00) Social Security (Employer Contribution) 16,252 21,290 18,605 2,353 (2,685) 14.48 (12.61) Retirement 26,680 20,870 17,130 (9,550) (3,740) (35.79) (17.92) Group Insurance 16,744 19,953 21,597 4,853 1,644 28.98 8.24 Insurance Expense Workers Comp 15,029 7,200 5,868 (9,161) (1,332) (60.96) (18.50) Employee Benefits - Life Ins.,Disability, etc. 7,325 6,732 5,888 (1,437) (844) (19.62) (12.54) Professional Services: Other 1,069,896 16,640 10,140 (1,059,756) (6,500) (99.05) (39.06) Audit Fees 7,500 7,500 7,500 Other Expenses (cashier over/short) - Taxes- Other and Licenses - - - - Other Contractual Services 465,529 542,356 560,400 94,871 18,044 20.38 3.33 Telephone 10,560 11,000 11,000 440 - 4.17 - Postage & Courier - - Light & Power 49,650 50,000 50,000 350 - 0.70 - Water 5,981 5,400 5,500 (481) 100 (8.04) 1.85 Insurance Expense - General Liability 50,000 50,000 73,935 23,935 23,935 47.87 47.87 Repair and Maintenance 235,452 135,995 150,500 (84,952) 14,505 (36.08) 10.67 Printing - 6,000 6,000 6,000 - - - Office Supplies 4,920 6,300 6,300 1,380 - 28.05 - Housekeeping Supplies 4,979 7,999 8,000 3,021 1 60.67 0.01 Expendable Tools 5,277 500 1,000 (4,277) 500 (81.05) 100.00 Budget Reserve - - - - - - - Total Operating Expenses 2,196,961 1,204,831 1,212,283 (984,678) 7,452 (44.82) 0.62 Net Revenue Over Expenses $ (256,066) $ 704,153 $ 1,095,717 $ 1,351,783 $ 391,564 (527.90) 55.61